Vijay Mallya's private jet sold for scrap to pay Kingfisher Airlines dues

Mumbai, April 16: Liquor baron and politician Vijay Mallya's 11-seater private plane has been sold for scrap at the Mumbai international airport to pay for the dues on his grounded carrier Kingfisher Airlines.

According to the Mid-Day newspaper, the Mumbai International Airport Private Limited (MIAL) auctioned Mallya's jet for Rs 22 lakh, which is now being taken for scrap. The buyer, Silent Enterprises, aims to recover the amount spent on the plane by selling its various parts as scrap.

The process of dismantling the jet began on April 6 and is expected to complete in another few days, the Mid-Day report said. Eight hours of work are being put everyday to complete the work.

According to the airport sources, 6.5 tonnes of scrap metal of scrap metal are expected from the plane, said the Mid-day report. MIAL had issued a public notice last December inviting bidders for the sale of the aircraft on an "as is, where is" basis, the report added.

Once a sign of liquor baron Vijay Mallya's prosperity is being taken apart to be sold as scrap pic.twitter.com/81j9OF8fZa

— HeadlinesToday (@HeadlinesToday) April 15, 2015

The 30-year-old plane initially belonged to the Oberoi group and became part of United Spirits in 2005. The Kingfisher Airlines, after incurring huge losses and failing to pay its employees, was grounded in October 2012 and its license was cancelled in December that year.

Oneindia News